Facebook revenue jumps 53% in Q2

The social media network had 699 million daily active users (DAUs) on average in the second-quarter.

Facebook reported a 53% increase in its second quarter revenue to $1.81bn, compared with $1.18bn it reported during the second quarter of 2012.

The social network has reported a net income of $333m for the second-quarter ended 30 June 2013, compared to a net loss of $157m for the same period last year, primarily due to growth in advertising revenues.

During the quarter, revenue from advertising increased by 61% to $1.60bn compared to same quarter last year, with mobile advertising contributing approximately 41%. Payments and other fees revenue increased 11% to $214m.

Income from operations was $562m in the second-quarter of 2013, compared to loss from operations of $743m for the same period last year.

The company said, capital expenditures declined 25% cent to $268m in the second-quarter, compared to the second-quarter last year.

The company’s daily active users (DAUs) were 699 million on average in the second-quarter, a year-over-year growth of 27%. Monthly active users (MAUs) reached 1.15 billion in the second-quarter, recording a growth of 21%.

Mark Zuckerberg, founder and CEO of Facebook, said: "We’ve made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile. The work we’ve done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future."